The golden state becomes too hot to handle

Published in: Risk management, Cat risk, USA focus

Companies: AIG, AM Best, American Property Casualty Insurance Association, Zesty.ai, Liberty Mutual, Nationwide, State Farm, Chubb

Property catastrophe losses in California have soared, with the result that insurers increasingly don't want to underwrite there. Could this be the beginning of a withdrawal from cat perils in other US states? Sarfraz Thind reports

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